TACC Limited, a wholly owned subsidiary of HEG Advanced Materials Limited (HEGAM) and part of the LNJ Bhilwara Group, has received an approval letter for an incentive of ₹609.50 crore under the Electronics Component Manufacturing Scheme (ECMS) of the Ministry of Electronics and Information Technology (MeitY), Government of India. The incentive is for the company’s Synthetic Graphite Anode Material project at Sirsoda Industrial Area in Dewas, Madhya Pradesh, and is subject to the scheme guidelines and prescribed conditions.
Spread across more than 100 acres, the Dewas facility is planned with a committed scaled capacity of more than 30,000 metric tonnes per annum (MTPA) by FY2028-29. The first phase, with an annual capacity of 20,000 MTPA, is targeted for commissioning by June 2027.
The approval is an important step in HEG Advanced Materials’ plans to develop a localised and globally competitive battery materials value chain in India. Synthetic graphite anode material is a key component in lithium-ion battery cells and plays an important role in the performance and reliability of energy storage systems. Domestic manufacturing is expected to strengthen the supply chain for India’s growing electric vehicle (EV), battery energy storage system (BESS) and wider energy storage sectors.
Riju Jhunjhunwala, Chairman, Managing Director and CEO of HEG Advanced Materials Limited, said, “We are grateful to the Government of India and the Ministry of Electronics and Information Technology for this support, and for their vision of building a strong electronics component manufacturing base in the country. The approval under ECMS is a strong endorsement of TACC’s technology and of our belief that India can build a globally competitive battery materials value chain at home. Anode material sits at the heart of every battery cell, and producing it at scale in India is central to a secure and resilient energy storage supply chain.”
Ankur Khaitan, Managing Director and CEO of TACC Limited, said the ECMS support would strengthen the company’s ability to execute the project at scale. He added, “Our Dewas facility is designed to deliver high-performance synthetic graphite anode material that meets the standards of global cell manufacturers. Our focus now is on timely execution, consistent quality and close collaboration with customers to ensure supply reliability. We thank the Ministry of Electronics and Information Technology for its support.”
Alongside the Dewas project, TACC is advancing plans for commercial production of graphene, targeting an annual capacity of 500 MT. Its broader anode materials expansion programme includes a committed capacity of 44,000 MT to serve global cell manufacturers. The company’s development activities are supported by in-house research, development and manufacturing capabilities.
TACC Limited, a subsidiary of HEG Advanced Materials, specialises in advanced carbon and graphite technologies. It is developing carbon materials and advanced material solutions for energy storage and industrial applications, with a focus on anode active materials, graphene and other emerging technologies.
Part of the LNJ Bhilwara Group, HEG Advanced Materials Limited operates across advanced battery materials, graphene, battery energy solutions and green power. Building on HEG’s more than 50 years of expertise in graphitisation and manufacturing, the company is developing anode materials and future material technologies, including silicon-based anodes. Listed on BSE and NSE, it serves the evolving EV, BESS and energy storage ecosystem.
